bloggarriv

Time to go Minister! Any 16 year old kid doing Economics for the leaving will be able to tell you about basic suply and demand. Price goes up, demand will fall. So our guy ups VAT at the same time as the UK reduce VAT. Its a no brainer. If I lived near the border I know where I would do my shopping. Is it any wonder there were streams of cars heading North before Christmas. Its not in the news as much anymore but there must still be a huge flow northwards. Is this the reason for Superquinn in Dundalk to close, and how many other shops/business have closed becasuse of this blunder. This guy is the Minister for Finance and he has admitted that his mistake has cost the country €700million. What an idiot!!

Time to go Minister, can we get someone in who knows how to do the job?

In my job, if I cost the company even a miniscule fraction of the €700million Lenihan cost us I would be out on my ear.

Will the Euro break parity with Sterling anytime soon. As you can see from the screenshot from xe.com/ucc that 1 Euro is currently worth 92p sterling. At this rate it might even break parity before the end of the year!
While all the doomsayers are saying that this is bad for the economy blah blah blah etc, I think its great and am off to buy some stuff on Amazon.co.uk to get me some cheap sterling priced products. And iff the ECB attempt to counteract this by reducing interest rates, then I win there too due to lower mortgage repayments. What I would give for a US-style 0% interest rate.

Thank you God for my tracker mortgage!

Some great news for mortgage holders today, the European Central Bank (ECB) has cuts its rates by 0.5% to 3.25%. This comes less than 1 month after the last rate cut, also of 0.5% on the 8th October and brings interest rates to their lowest level for two years. But what came as a big shock from the Bank of England was their announcement that they were slashing rates by 1.5% to 3.25%. This brings interest rates in the UK below those in the Eurozone and the lowest level in the UK since 1955.

Either way its welcome news to mortgage holders, except those on fixed rate loans